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10 Affordable Cities To Live Abroad And Work For Yourself

Source | FastCompany : By ARIANNA O’DELL

From pristine beaches in Indonesia to picturesque mountains in Armenia, more freelancers and entrepreneurs are escaping fluorescent-lit cubicle life for less traditional “offices” overseas. I’ve met them—and I am one myself.

You don’t need to be 22 and living off a trust fund to make this happen, either. Actually, it’s the opposite: Money considerations are a key reason for ditching North America. For me, living and working abroad was the right financial decision to build and grow my marketing agency.

That choice actually began when I took a hard look at my finances. There I was, staring bleakly at a pitiful savings account and a bottomless pit of student loans. Living the big-city dream hadn’t just sapped my energy and stressed me out, it had also undercut my financial stability. I remember blubbering to a friend on Skype as we looked through my Mint account to figure out where my salary had dissipated.

“Wow.” She looked a bit stunned. “Living in New York City is outrageous.”

“I remember when I lived in Spain,” I sighed, recalling a temporary stint in the country. “My rent was only $150. Not to mention a glass of sangria was less than $2.”

With that, I started crunching numbers. I quickly realized I could live in Spain foreight months at the price of one month’s rent in my tiny New York City shoebox.

During the next six months while I worked and played around Europe, I paid off all my student loan debt, and my business started generating a positive cash flow. You can do the same thing. Here are 10 international cities that NomadList recommends as affordable home bases for digital nomads, each with a cost of living falling below $1,250 a month.

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One Comment

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